(1) If any employer, who has been liable to obtain a certificate of registration under sub-section (1) of section 5, or any person who has been liable to obtain a certificate of enrollment under sub-section (2) of that section, obtains a certificate of registration or certificate of enrollment, as the case may be, during the period commencing from the 1st day of July, 2001 and ending on the 31st day of December, 2001 and pays the entire amount of tax due from him by the 31st day of January, 2002, no penalty shall, notwithstanding the provisions of subsection (6) of section 5, be imposed.

(2) Notwithstanding the provisions of sub-section (2) or sub-section (3) of section 9, no interest shall be payable by any employer or person who has been registered or enrolled during the period commencing from the 1st day of July, 2001 and ending on the 31st day of December, 2001, where such registered employer or enrolled person pays the entire amount of tax due from him on or before the 31st day of January, 2002.